Category: Technial Analysis
Metals Market Reflects Uncertainty Ahead of Fed The metals market has certainly had an interesting start to the year. While golds futures have been broadly higher, breaking out to fresh YTD highs in consecutive weeks, price action in silver has been much more laboured. With gold prices starting the new week with a more offered […]
Daily Market Outlook, January 23, 2023 Risk Sentiment Supported By Fed ‘Plateau’ Expectations Asian equity markets are mostly offline for Lunar New Year celebrations, Asian markets that are open are showing gains, as are European bourses and US futures, the bullish tone to markets is supported by reports in the Wall Street Journal over the […]
EURUSD, “Euro vs US Dollar” The currency pair has formed a consolidation range around 1.0860 and today with an escape upwards the wave of growth might extend to 1.0941. Then falling to 1.0872 should follow, after which the price might leap up to 1.0960. GBPUSD, “Great Britain Pound vs US Dollar” The currency pair has […]
EURUSD, “Euro vs US Dollar” The currency pair has secured above the upper border of the Triangle pattern. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.0855 is expected, followed by growth to 1.1065. An additional signal confirming the growth will be a bounce […]
Knot Reaffirms Hawkish ECB Outlook EUR has started the week on a strong footing following further hawkish ECB commentary over the weekend. Dutch ECB member Klaas Knot told reporters over the weekend that he believes the ECB will hike rates by a further .5% at both the upcoming February and March meetings. Furthermore, Knot warned […]
AZN Stock Under Pressure Shares in UK-headquartered AstraZeneca are back under heavy selling pressure on Monday as the stock extends recent losses. Now trading down by almost 7% from the 2023 highs, the company recently outlined plans to buy US bio-tech Firm Cin Cor for $1.8 billion. However, it seems that stockholders are not overly […]
Dax Turns Down Following Recent Gains Looking across markets, aside from the volatility we had around the BOJ meeting, it’s been a much quieter week. The calm before the storm perhaps, as we approach the upcoming February FOMC meeting. However, there have still been some noteworthy moves and chatting with traders ahead of the weekend, […]
Daily Market Outlook, January 20, 2023 Chinese Market Head Into Lunar New Year Near Bull Market Territory Asian equities close out the week on a firm footing as Chinese investors wind down ahead of next week’s lunar new year holiday. Western markets remained subdued as FOMC vice chair Brainard, deemed to be in the dovish […]
State Street Up Next US earnings season rolls on today with State Street among the big names reporting. On the back of mixed results from financial earlier in the week (Morgan Stanley beat estimates, Goldman Sachs missed estimates), traders will now be looking to see which side of the line State Street falls on. The […]
EURUSD is going to consolidate. The current quote is 1.0810. In the nearest future the EUR might experience some local pressure because the weather in Europe has changed, and because gas prices are growing again. For the current heating g season, there are no risks. After all, the biggest part of winter has passed. However, […]